Credit Cards (US)

Bank of America® Premium Rewards® credit card review

In this Bank of America® Premium Rewards® credit card review article, you will find out how to earn unlimited points and many perks with this premium Visa!

Bank of America® Premium Rewards® Card: unlimited points and exclusive benefits!

See what are the benefits of this card. Source: Bank of America®.
See what are the benefits of this card. Source: Bank of America®.

In this Bank of America® Premium Rewards® credit card review, you’ll learn the features of a premium card full of rewards. Besides the unlimited points, you can get a great welcome bonus worth $500.

Also, since it doesn’t charge foreign transaction fees and offers travel statement credits, this Visa is a fantastic option for travelers.

Please keep reading to learn all about its exclusive benefits!

Credit ScoreGood – Excellent 
Annual Fee$95
Regular APRFrom 15.99% to 22.99% (variable)
Welcome bonus50,000 bonus points (a $500 value) after you purchase at least $3,000 in the first 90 days
Rewards2 points per $1 spent on travel purchases;
2 points per $1 spent on dining purchases;
1.5 points per $1 spent on all other purchases
Cartão Bank of America® Premium Rewards® fundo branco

How to apply Bank of America® Premium Rewards®?

Earn unlimited points with a Bank of America® Premium Rewards® credit card! Check out how to apply for it!

How does the Bank of America® Premium Rewards® credit card work?

Learn more about the Bank of America® Premium Rewards® card. Source: Canva.
Learn more about the Bank of America® Premium Rewards® card. Source: Canva.

Let’s begin talking about its rewards and perks. This credit card offers 50,000 online bonus points in the first 90 days of account opening after purchasing at least $3,000. And these points are worth $500 value.

In addition, you earn unlimited points with no expiration date and with flexible redemption options, as follows:

  • 2 points per $1 spent on travel purchases;
  • 2 points per $1 spent on dining purchases;
  • 1.5 points per $1 spent on all other purchases.

Besides the fact you earn points on every purchase you make, you can redeem it for cash back, credit, a statement credit, and gift cards.

In addition, you can get up to $200 in travel statement credits for qualifying purchases and towards TSA Pre✓ ® or Global Entry Application fees.

And it doesn’t end there. You take advantage of all its benefits as a premium card, such as concierge service, Visa Signature® Luxury Hotel Collection, automotive, purchase, and travel protections.

Furthermore, you will always feel safe with $0 Fraud Liability and protection features.

In order to get all those rewards and perks, you will pay $95 as an annual fee, a variable APR from 15.99% to 22.99%, and a 3% balance transfer fee for each transaction with a minimum of $10.

Bank of America® Premium Rewards® Card benefits

Keep reading our Bank of America® Premium Rewards® credit card review. Source: Canva.
Keep reading our Bank of America® Premium Rewards® credit card review. Source: Canva.

This credit card is one of the best premium and reward cards. If you travel a lot, this might be a perfect choice for you.

Besides the unlimited points for every purchase, it offers protection and exclusive assistance for its cardholders.

Pros

  • It offers rewards on all purchases with flexible redemption options;
  • It features a great welcome bonus;
  • You can get exclusive benefits like concierge service, Visa Signature® Luxury Hotel Collection, automotive, purchase, and travel protections;
  • It provides security features and $0 Fraud Liability;
  • It doesn’t charge any foreign transaction fees.

Cons

  • It charges an annual fee;
  • The APR is quite high;
  • The balance transfer fee is relatively high, too.

Pre-approved credit cards for low credit score available now

We analyzed your profile and found some offers that you can apply for today.

You will be redirected to another website

How good does your credit score need to be?

If you manage to carry a good credit history, you may be able to apply for this exclusive premium credit card. 

How to apply for Bank of America® Premium Rewards® credit card?

Whether you are a traveler or a person who wants exclusivity, a Bank of America® Premium Rewards® might be a great credit card for you. Check out how to apply for it!

Cartão Bank of America® Premium Rewards® fundo branco

How to apply Bank of America® Premium Rewards®?

Earn unlimited points with a Bank of America® Premium Rewards® credit card! Check out how to apply for it!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

Trending Topics

content

How to apply for the Coutts Silk Card

Check out the eligibility requirements and what else it takes for you to apply for a Coutts Silk Card. Read on for more!

Keep Reading
content

First Internet Bank of Indiana full review: is it trustworthy?

Learn all the details, products, and services of the first online bank FDIC-insured in this First Internet Bank of Indiana review article.

Keep Reading
content

How to join Ally Investing?

Ally Investing account offers a full range of investment choices with affordable fees, low cost, and helpful tools. Check out how to join it!

Keep Reading

You may also like

content

Solana is releasing a new crypto phone

The Solana team is hard at work on the release of their new crypto phone, the Saga. Learn more about the features and specs of this upcoming device here!

Keep Reading
content

Up to $15,000: VivaLoan review

Uncover the details of VivaLoan, a short-term loan option that can help you get funds quickly. Get the money you need with any type of credit!

Keep Reading
content

Learn to apply easily for True American Loan

If you want a personal loan that considers all credit scores, get the scoop on how to apply for the True American Loan in this post. Keep reading!

Keep Reading